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The Business Sector and Its Organization
Elements of Market Structure
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advertising agreements agriculture Alcoa aluminum American economy antitrust laws automobile barriers to entry behavior buyers cartel cent changes Clayton Act collusion commissions concentrated industries concentration ratios courts crop decisions demand curve earn economic economists effect efficient elements of market entry barriers factors of production farm farmers federal Federal Trade Commission goals going firms high concentration high seller important income increase industry's inefficiently innovation invention large number less level of concentration level of seller major manufacturer market conduct market performance market share market structure maximize monopolistic national market normal normal profits oligopolistic oligopoly output patent system patterns plant price competition price discrimination price leadership problem product differentiation product policies profit rates promote public policy pure competition result retail rivals Robinson-Patman Act rule of reason scale economies Section sector sell seller concentration Sherman Act steel tend tion trade types U.S. Steel United utilities violations